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Google Will Pay Reddit $60M a Year to Use Its Content for AI: Report

Feb 22, 2024 - thedailybeast.com
Reddit has entered into a contract with Google, allowing the tech giant to use its content to train AI-powered chatbots, a deal estimated to be worth $60 million annually. This move comes as Reddit prepares for its initial public offering (IPO), marking its first collaboration with a leading AI innovator since it announced plans to sell commercial access to its content last year.

The deal comes amidst a backdrop of potential copyright issues in the AI industry. In 2023, OpenAI faced lawsuits from prominent authors and The New York Times for allegedly using their work without permission to train its model, ChatGPT. This highlights the growing trend among AI designers to use content beyond what's available on the internet to train their models.

Key takeaways:

  • Reddit has agreed to allow Google to use its content to train AI-powered chatbots, a deal worth approximately $60 million annually.
  • The move is part of Reddit's preparation for its planned stock market debut, with its initial public offering (IPO) expected to be filed later this week.
  • This is Reddit's first deal with a leading AI innovator since it announced it would sell commercial access to its content last year.
  • The use of content for AI training has previously led to copyright issues, with authors and The New York Times suing OpenAI and Microsoft for allegedly using their work without permission.
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